Microsoft Dynamics 365

Dynamics 365 for Finance & Operation (also known as Dynamics 365 Finance and Supply Chain) is an ERP (Enterprise Resource Planning) software that is specifically designed to support enterprise-size businesses. Its earlier version Microsoft AX provided similar features but was an on-premises solution with limited flexibility which is not even entitled to support after a certain period.  Because of this, many users are switching to this cloud-based solution I.e., Microsoft Dynamics 365 Finance and Operations.   Why would you choose Microsoft Dynamics Finance and Operations?  Many researchers have predicted the steady growth of the ERP in the upcoming years as it is no longer about on-premises software but about cloud-based platforms, IoT (Internet of Things), and Artificial Intelligence.  Since it has already been made clear about the inevitable growth potential it has, the fight comes down to who becomes the most prominent ERP in the market. Many top providers like Microsoft Dynamics 365, SAP, Epicor, and Oracle are giving them more than 100 percent to stay ahead in the competition.  If you are new to cloud-based ERP, this is how it is going to influence your business:   Enhance competitiveness   Boost operational processes  Incorporate organizational activities   Manages resources with efficiency  Growth Estimates of ERP suggest that the Global ERP market size is expected to reach USD$ 60230 million by the end of 2023, which is a pretty significant value.   In this blog, we will discuss why Dynamics 365 for Finance & Operation is ahead of the competition.   An Overview of Microsoft Dynamics Finance and Operations  Dynamics 365 for Finance & Operation is a cloud-based ERP, specifically designed for large-scale businesses. It involves handling all inventory and finance-related activities. Supported by visionary tools delivering complete transparency and real-time updates of a business, it continues to grow at an exponential rate every year. Since its debut in 2016, it has seen many significant updates.   It comes with two separate licensing options that are:   Dynamics 365 Supply Chain Management (manufacturing, engineering, distribution, and warehousing)  Dynamics 365 Finance (Financials, budgeting, project management, and accounting)  The licensing options enable the user to decide their user access depending upon their business processes. It can also drive a competitive edge via a modern ERP solution with the latest functionalities, integration, and new UI. It doesn’t matter what your industry is, Microsoft Dynamics could be the best solution you would enable.   Dynamics 365 for Finance & Operation is a prominent competitor in the ERP market ensuring lower costs and greater flexibility and straightforward startup. Additionally, it connects with the other Microsoft business applications. Furthermore, user training is also one of the greatest features of Microsoft Dynamics 365.   Even though ERP systems might demand training, the learning curve is way shorter than others. In addition, it comes along with some of the best capabilities that help a business manage its functions and accounts.   It did not take too long for Dynamics Finance and Supply Chain to hold a special place in the ERP market while seamlessly surpassing Oracle and Salesforce. This indicates the prospect growth of Dynamics 365 that includes better use of data and greater business transformations.   How Dynamics 365 for Finance & Operation Ensures a Greater ROI (Return on Investment)?  Dynamics 365 for Finance & Operation ensures various industries and businesses a digital transformation. Given below are the primary factors that enable a greater ROI and give a competitive advantage over other ERPs (Enterprise Resource Planning) in the market:   Reduced Costs: It centralizes your organization’s expenses, and IT costs to deliver a better cost to come up with a smarter cost management system   Flexibility: D365 Finance and Operations applications enable enough freedom of development and customization on all platforms.   Deep Integrations: D365 enables deep-rooted BI (Business Intelligence), CRM (Customer Relationship Manager), and other third-party integrations while synchronizing your entire organization.   Built-in Analysis: Dynamics 365 is reinforced with a built-in analytics mechanism that helps the user make better and quicker decisions.   Azure AI (Artificial Intelligence): The Azure AI ensures accurate predictions, forecasts future scenarios while providing recommendations and predictions.   Microsoft Dynamics 365 for Finance & Operations has a lot more to offer. If you are looking forward to getting a cloud-based ERP, you should keep D365 F&O at the top. Followed by its robust features and exponential growth potential, it can be one of your best decisions. If you are looking for an implementation partner, you may contact Trident Information Systems, a Dynamics 365 Services Provider. Reinforced with a massive team of experts and a solid track of accomplishments, we have never failed a single client.  

The age of technological advancement has turned regular lives to a completely new page, let alone businesses. Companies these days can access Business Intelligence Tools and related strategies to tap into their customer’s mindset and read patterns. These insights are no less than a treasure for a business; this data can easily transmute to loyalty programs. Suitable Power BI Implementation Partners can guide you through the methods you can optimally utilize this technology.   So, What Exactly is Business Intelligence?  Business Intelligence is a compilation of technologies, tools, practices, and applications that helps an organization collect, integrate, analyze, and display raw data in the form of insightful and action-driven business data. BI (Business Intelligence) is comprised of the following aspects:   Data Mining   Querying and Reporting   Analytical Processing   BI aims at helping business managers, cooperative executives, and other operational heads to make more insightful and logical decisions. BI is a great tool for cost-cutting, identifying new business opportunities, and shunning inefficient business operations.   However, not everyone is benefiting from the same. Owing to time and budget limitations, some managers perceive that BI might not be worth the investment. Some may consider it as saving on their budget. However, little do they realize it causes more harm than good to a business.  You might also address it as a ‘leaky bucket’ the bucket represents your business and water represents your customers. Considering the fact that you cannot add more customers since your bucket might overflow. BI, like Microsoft Power BI Integration, collects and compiles data on your sales and customers so you can see customer loss as it happens.   You may also end up understocking. A warehouse manager can develop a business instinct for company trends. However, instincts are just subjective. You may end up understocking or overstocking inventory without having current market analytics and proper knowledge of customer demands.   This is where BI comes forward and plays its part. You no longer must rely on the quarterly or monthly reports since you can get real-time data and analysis of what customers are demanding so you can stock in balance.   One of the major drawbacks of not using a BI is the skyrocketing expense of your resources, staff to manage your IT department. With BI you can print and share the relevant reports yourself. This saves your time and budget on the IT department, and they can do something more productive instead.   How does Business Intelligence Help in Business Growth?  Business Intelligence serves the businesses the purpose they are derived from in the modern business scenarios. A Power BI Integration can help your business with   Making more effective and insightful decisions  Optimizing Internal business operations   Increasing operative efficiency   Better Return on Investments  Upper hand over the competition   Identifying Current Market Trends  Spotting Business Problems   More Insightful Decisions   If you are a business owner or at the managerial level, you may want to stay current with the latest updates. Having data at hand is not enough, even worse if it is all scattered. Business Intelligence Integration helps your business data get structured and better analyzable. Having a centralized system that keeps your business data up-to-data leads to more insightful and better decision-making. It directly impacts your team performance, productivity, sales cycles, customer product or services preferences, and revenues.   Better Business Visibility   With Power BI, you can have better control over your business. Gone are the days where you had to skim through massive data logs. This technology allows you to have it all in one go. It aims at providing better insights into your business so you can identify the areas that need more attention. It illuminated all your business aspects and helped you make better strategies and optimize internal business operations.   Boosted Productivity  With centralized data, transmit inputs across the management via the cloud, and cut time on the administration. The management doesn’t have to dial their office and ask for the necessary data manually. All they have to do is add their data to the application and they are good to go. No need to put in extra effort. They can easily get rid of bottlenecks, automate their daily tasks, redefine their business implementation processes, be more organized and prioritize their to-do tasks with no extra manual efforts.  Better ROI   Every business runs on profit and expects a good Return on Investment since it encourages them to start generating extra income and scale a bit further. Business Intelligence Tools help a business collect, integrate, and analyze a bulk of data and present it in a more readable and logical format without eating too much time. It helps the decision-makers to create relevant sales-oriented strategies and draw more customers in. This entire process plays a vital role in providing a good customer experience. Also, it impacts how they carry out their after-sales services.   Business Future Planning   Investing in BI enhances a business’s efficiency while identifying market trends and customers’ purchasing patterns. As soon as an organization masters reading their customer’s purchasing pattern, it can easily compare their old buying algorithm with the one BI has generated. By doing so, they can attain better customer knowledge and optimally utilize their resources.   Competitive Advantage   Above all, the most substantial advantage BI can offer your company is analyzing how your competition is executing its strategies. Having such data shared as dashboards, you can easily create more effective blueprints than your competitors. Tracking your competition is as important as understanding your customers and their spending patterns.  Final Words   Business Intelligence Tools have become one of the business necessities. Those who do not recognize its value face certain losses. It becomes hard for them to keep up with their competition and retain their customers. You can opt for Power BI Implementation Partners such as Trident Information Systems. We provide one of the Best Power BI consulting Services. For further queries and a demo, contact us.  

As businesses are spending a fortune on building and maintaining an infrastructure for on-premise Enterprise Resource Planning (ERP), various other organizations are switching to the cloud. Why? Because of its many benefits. It ensures more security and streamlines processes.   Unlike on-premise ERP, where security is more breachable, a SaaS ensures bank-level security, anti-data theft, and data backup. On-premise ERP deployment can pose issues with mobility due to reliability on private networks.   A SaaS-based company delivers more flexibility and scales with your business. It usually updates automatically. Minor updates occur without disturbing the organizational ecosystem. While considering massive updates, the service provider sends a notification in advance. However, this is not the case with on-premise ERP; updating the software is tiring and the user’s a headache.     How Does SaaS-Based ERP Outshine On-Premises ERP?  Considering the crucial information stored in an ERP system, such as company financials, employee data, corporate trade secrets, and so on. Security is the biggest concern when it comes to prospective buyers. Cloud vendors like Microsoft Dynamics 365 have strict standards to secure your data. Additionally, it ensures mobility and sometimes accesses native mobile apps while complimenting the security. Apart from this, other features outshine ERP.     Needs Less Initial Capital  One of the greatest benefits of SaaS is its cost-efficiency. In an on-premise ERP, the user has to spend a heavy upfront cost on hardware, labor, and training. However, this is not the case with the cloud-based ERP, which uses a SaaS model and eliminates common financial pitfalls.   This approach offers various financial advantages as it turns ERP systems from a capital cost into an ongoing operating expense. Thanks to the cost-efficient qualities of this model, the total upfront investment required for its implementation is relatively low. The low implementation cost can be a savior for small businesses that do not have the budget for on-premise ERP and want to scale quickly.     Streamlines Deployment   Generally, massive ERP disasters occur during the implementation stage when coordination and integration become hard. Different departments struggle to cope with the same, and the IT department is scrambling upon it all. There can even be issues like production hampering due to costs piling up.  Cloud ERP Software is designed to tackle these issues right away. They are engineered to be more adaptive, responsive, and easier to implement. Additionally, it takes up to three-six weeks to deploy, unlike on-premise that takes up to twelve weeks. It can be a great asset to small businesses that cannot afford an efficient on-premise ERP deployment. Moreover, every organization acknowledges that having the resources needed is useless unless they are people friendly.     Secures Corporate Data   When it comes to choosing a suitable ERP, security is the biggest concern. Because of the widespread belief, the cloud does not provide better security than the one on-premise, many businesses still prefer to stick to the on-premise ERP. However, nowadays, many cloud ERPs like Microsoft Dynamics 365, offers a suite of tools that ensure data security no less than an on-premise ERP. Moreover, some even provide additional services such as:   Automatic, simultaneous, and system-wide updates that fix security pitfalls without users having to take additional steps.   Various backups and failsafe redundant layers.   And systems looked after by a dedicated team of cloud safety experts.   One of the jobs of an ERP is to deliver interdepartmental corporation; the cloud makes it a lot simpler. A cloud ERP provides cooperation, transparency, and accountability across the organization. It can accomplish all this due to its various features that include:   A suite of project management tools that streamline synchronicities and communication.   Real-time performance and financial reporting deliver essential insights to decision-makers.   Resource management operations to help spot opportunities and eliminate waste.   Efficient third-party collaborations with vendors and consultants.   Increases security by showing user footprints across the system ensuring easy inventory monitoring.   Apart from being an asset to the company’s functionalities, a capacity upgrade provides robust agility as well as visibility. Thus, helping them to respond quickly and make more logical decisions.     Updates Faster  The software update is one of the significant areas where the cloud ERP system ensures the scope of improvement. Traditional ERP system needs a regular update to fix security threats and boost performance. Upgrading the software can be tedious, arduous, and can demand a lot of IT resources. The situation gets more problematic when incomplete updates are applied.   This cannot be the case with cloud ERP systems, as upgrading is the manufacturer’s or the vendor’s responsibility. New Modules, Security patches, and software updates are usually automatically updated – usually in the background. Therefore, allowing employees to carry on with their tasks without any disruptions. Version inconsistencies are not likely to occur, as the service provider can remotely access and update any user’s account.     Unlocks the Doors to Mobile Devices  The mobile device has been used as an essential business tool. One of the significant ERP benefits that are perfectly suitable for mobile devices is its capacity to provide centralized data throughout the organization but in a decentralized way to remove hurdles to efficiency.   It allows the users to access real-time data wherever and whenever they want.  Provides real-time updates and facilitates efficient manufacturing operations.   Delivers the most up-to-date information to the sales staff to make better decisions.     Trident Information Systems is one of the top SaaS providers. With Microsoft’s Gold Partnership, 150+ resources, and two decades of experience, we have served multiple ventures so far. For further information or a demonstration, contact us.